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Latest Business News

China stocks retreat despite new moves to stave off crash

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SHANGHAI (Reuters) – Chinese stocks fell on Thursday in another highly volatile session even as regulators intensified efforts to put a floor under the sliding market. …read more Via:: China…

IMF’s Lagarde says Greece must reform before debt relief

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WASHINGTON (Reuters) – One day after Greece became the first developed economy to default on a loan with the International Monetary Fund, the head of the international lender on Wednesday…

Asia shares subdued by Greek anxiety, dollar stands tall

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TOKYO (Reuters) – Asian stocks were subdued on Thursday as Greece’s refusal to back down in a standoff with its creditors kept most markets on edge, while the dollar got…

ArcelorMittal Mexico unit to slash 2,800 jobs

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MONTERREY (Reuters) – ArcelorMittal, the world’s largest producer of steel, will cut 2,800 jobs at its Mexico unit as global prices slump, it said in a joint statement with local…

Facebook updates a logo you won’t really see

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Brace yourself. Facebook has quietly updated its 10-year-old logo, switching to a new custom typeface. …read more Via:: Facebook updates a logo you won’t really see

Saudi prince pledges $32 billion to charity

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Saudi Arabian Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud — who made billions investing in American, European and Middle Eastern companies — is donating his $32 billion fortune to philanthropy,…

Rhone raises €2.6 billion for fifth fund

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The low-profile private equity firm has closed its fifth buyout fund more than twice the size of its previous vehicle …read more Via:: Rhone raises €2.6 billion for fifth fund

JBS of Brazil buying Cargill pork unit for $1.45B

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Brazilian meat producer JBS will buy the U.S. pork division of agribusiness giant Cargill for $1.45 billion. …read more Via:: JBS of Brazil buying Cargill pork unit for $1.45B

Former U.S. agent pleads guilty to bitcoin theft in Silk Road probe

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SAN FRANCISCO (Reuters) – A former federal agent pleaded guilty on Wednesday to stealing bitcoins during the government’s investigation of Silk Road, and to secretly soliciting payment from the operator…

Paypal to buy digital money transfer provider Xoom

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(Reuters) – PayPal Inc, the electronic payments division of eBay Inc , said it would buy digital money transfer provider Xoom Corp for about $890 million in enterprise value. …read…